Sector Employment:
Prepared by: UNM Bureau of Business and Economic Research
Source: Annual 2014 Quarterly Census of Employment and Wages, New Mexico Department of Workforce Solutions. Numbers reflect only persons covered under unemployment insurance, not all employment is covered under unemployment insurance law. Change y/y calculated from data.

Sector Definition

From the 2012 North American Industry Classification System (NAICS):
NAICS-logo The Finance and Insurance sector has been defined to encompass establishments primarily engaged in financial transactions; that is, transactions involving the creation, liquidation, change in ownership of financial assets; or in facilitating financial transactions. Financial industries are extensive users of electronic means for facilitating the verification of financial balances, authorizing transactions, transferring funds to and from transactors' accounts, notifying banks (or credit card issuers) of the individual transactions, and providing daily summaries. Since these transaction processing activities are integral to the production of finance and insurance services, establishments that principally provide a financial transaction processing service are classified to this sector, rather than to the data processing industry in the Information sector. Legal entities that hold portfolios of assets on behalf of others are significant and data on them are required for a variety of purposes. Thus for NAICS, these funds, trusts, and other financial vehicles are the fifth subsector of the Finance and Insurance sector. These entities earn interest, dividends, and other property income, but have little or no employment and no revenue from the sale of services. Separate establishments and employees devoted to the management of funds are classified in Industry Group 5239, Other Financial Investment Activities.

Average Weekly Wage


Sources: New Mexico Department of Workforce Solutions, Quarterly Census of Employment and Wages program & Local Area Unemployment Statistics program in conjunction with U.S. Bureau of Labor Statistics. Zero's indicate that no covered employment was reported for the time period. *'s indicate supression of data point.
Table prepared by: Bureau of Business and Economic Research, University of New Mexico
Last Revised: 03/17/2016